WTW has secured InsuranceERM's Asia Pacific ALM Solution of the Year award for its RiskAgility Financial Modeller, which is recognised for transforming how insurers manage asset-liability modelling (ALM).

With its advanced capabilities, the solution streamlines complex calculations, delivers faster results and significantly reduces operational costs.

A WTW spokesperson explains: "RiskAgility Financial Modeller directly solves the problems associated with stochastic ALM models by being many times more efficient, thus allowing faster and/or more accurate calculations."

In addition, its highly elastic compute-as-a-service infrastructure ensures results are delivered faster without increasing costs. This efficiency has driven remarkable savings for clients. One new client experienced a 96% reduction in costs alongside a tenfold increase in the speed of results.

Existing clients have also realised substantial benefits, with one reporting over $1m in IT savings,

Overall, the judges said RiskAgility Financial Modeller stands out for its innovative modelling techniques and the significant time and cost reductions delivered from efficient processing.

"This enables the holy grail of a single model for both liability and ALM requirements," the WTW spokesperson highlights. This unified approach means clients can run hundreds of parallel simulations with speed, consistency, and automation, supporting critical business decisions and regulatory reporting with confidence.

With its unparalleled efficiency, flexibility, and cost-saving potential, RiskAgility Financial Modeller has set a new standard for ALM solutions across the Asia Pacific insurance industry.